At a Glance
- Tasks: Manage financials for a diverse portfolio of residential and commercial properties.
- Company: Join a dynamic private equity group in East London.
- Benefits: Competitive salary, hybrid working, and opportunities for professional growth.
- Other info: Fast-paced environment with a focus on accuracy and compliance.
- Why this job: Be part of a growing team and make a real impact in property management.
- Qualifications: Experience in property accounting and managing mixed portfolios is essential.
The predicted salary is between 40000 - 50000 £ per year.
Location: East London, Finsbury Circus
Salary: £40 - £50K
Working pattern: Hybrid 2/3 office days, flexible
Type: Permanent, full-time
The Opportunity
This is an exciting opportunity to join a dynamic and growing private equity group specialising in the acquisition and development of businesses within the property management sector. As the group continues to expand its portfolio, we are seeking an experienced Property Accountant to take responsibility for the financial management of a varied portfolio of residential and commercial rental properties. This is a broad, hands-on role covering all aspects of property accounting, including rent and service charge accounting, maintenance expenditure, VAT, reconciliations, financial reporting and the accurate processing of transactions through the movement/payment gateway.
Key Responsibilities
- Take ownership of the day-to-day accounting for a portfolio of residential and commercial rental properties.
- Maintain accurate property, tenant, landlord and supplier financial records.
- Manage rent accounting, including rent demands, receipts, arrears and tenant account reconciliations.
- Process and reconcile all incoming and outgoing funds through the movement/payment gateway.
- Ensure the accurate allocation and transfer of rent, deposits, fees and other property-related transactions.
- Prepare monthly management accounts and financial reports for property owners and senior management.
- Manage all property-related accounts payable and accounts receivable activity.
- Review, process and reconcile maintenance, contractor and supplier expenditure.
- Ensure maintenance costs are correctly authorised, coded and allocated to the appropriate property or landlord.
- Complete bank, balance sheet, tenant ledger and control account reconciliations.
- Prepare and submit VAT returns, ensuring the correct treatment of residential and commercial property transactions.
- Monitor cash flow and ensure sufficient funds are available to meet property-related commitments.
- Support rent reviews, lease events, tenant changes, property acquisitions and disposals from an accounting perspective.
- Liaise with property managers, landlords, tenants, contractors and external advisers regarding financial matters.
- Maintain strong financial controls and ensure compliance with relevant legislation, client money requirements and internal procedures.
- Identify and implement improvements to property accounting processes, systems and reporting.
Essential Experience
- Recent and demonstrable property accounting experience gained within a property management company.
- Direct experience managing the accounts for a portfolio containing both residential and commercial rental properties.
- Strong knowledge of rent accounting, maintenance expenditure, service charges and property-related financial transactions.
- Practical experience of VAT within a property environment, including the differing treatment of residential and commercial properties.
Person Specification
- Hands-on, organised and comfortable taking ownership of an all-encompassing property accounting role.
- Commercially aware and able to understand the financial performance of individual properties and the wider portfolio.
- Proactive and solutions-focused, with strong problem-solving skills.
- Able to manage competing deadlines and maintain accuracy across a busy portfolio.
- Confident communicating financial information to both finance and non-finance stakeholders.
- Committed to maintaining accurate records, robust controls and high standards of compliance.
Please note: Applications can only be considered from candidates who can demonstrate recent experience working for a property management company and accounting for a mixed portfolio of residential and commercial rental properties. To be considered for the role you must be eligible to work in the UK without restriction.
Property Accountant | London, EC2 | £40 - £50K employer: Butler Rose
Butler Rose is an exceptional employer that prioritises employee growth and development, offering a clear pathway to leadership roles within 18–24 months. With a supportive work culture and the flexibility of hybrid working options, employees can thrive in a dynamic environment while contributing to the operational excellence of IT services across multiple sites in Kendal.
